Agenda - Council - 09/28/2021 - Laserfiche WebLink

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Inspection 120 days from Effective Date (Date City Council Approves) (city requires plat/ site plan Period approval before sale). [Closing Within 30 days of Notice to Proceed. Extensions j Developer will deposit $3,000 in escrow for each 60 day extension (2 extensions allowed) Once extensions are made the money becomes non-refundable. Performance I0ccupancyity to require construction of a minimum 10,000 SF building and obtain a Certificate of one year after Closing. If this is not done, the City may exercise the Right of Alternatives: 1. Adopt Resolution #21-274 approving Purchase Agreement for Lot 4, Block 1, Riverside West; as presented. (Staff and EDA recommendation) 2. Adopt Resolution #21-274 approving Purchase Agreement for Lot 4, Block 1, Riverside West; with changes. 3. Something else. Funding Source: This case is being handled as part of normal Staff duties. Recommendation: The EDA met on September 9, 2021 and recommends approval of the attached Purchase Agreement as presented, subject to City Attorney review. As noted above. Planning Commission has yet to review this site concept so this will be handled during the site plan application process. Action: Motion to Adopt Resolution #21-274 Approving Purchase Agreement for Lot 4, Block 1, Riverside West; Case of Windows and Doors USA; subject to City Attorney review. Attachments Site Location Map - Parcel 40 ACTION - RESOLUTION #21-274 ACTION - DRAFT PA - Windows and Doors USA Term Sheet Draft Plat Lot Reconfiguration Draft September 2021 EDA Minutes - Excerpt Inbox Sean Sullivan (Originator) Bruce Westby Kurt Ulrich Form Started By: Sean Sullivan Final Approval Date: 09/23/2021 Form Review Reviewed By Sean Sullivan Bruce Westby Kurt Ulrich Date 09/21/2021 04:42 PM 09/23/2021 02:38 PM 09/23/2021 03:45 PM Started On: 09/13/2021 10:10 AM